Pepe Coin holders shift focus to promising new viral coin

Pepe Coin holders are turning their focus to Elluminex, a promising new viral coin.

Last year saw several crypto assets achieve spectacular growth. The latest bull market only compounded these gains, leaving traders hungry for more. Pepe was among these tokens, increasing over 30,000% in the last few years. 

Still, Pepe is currently among the biggest memecoins, but its potential upside is limited. Traders looking for similar gains should look for new projects. One of the most promising ones is Elluminex (ELX), a DeFi token promising to transform the TON ecosystem. 

Pepe saw spectacular growth

Pepe is currently one of the dominant memecoins, maintaining the fourth position among all memecoins. The token used to be the third largest memecoin before the sudden rise of the Official Trump token. This development has rocked investors, and Pepe has seen significant volatility. 

Last week, Pepe dropped 16.71%, to its current price of $0.00001542. Still, this was after a year of strong growth, and Pepe is still up 1420.30% from the same time last year. 

Still, recent on-chain data shows large whale activity. For instance, the “0x8f5″ address withdrew 280 billion Pepe from Binance, worth around $5 million. This indicates that the whale is gearing for significant moves, which will likely increase volatility. 

Technical indicators show mixed signals for Pepe. While the weekly oscillators are mostly bearish, moving averages are mixed. Notably, short-term moving averages point to sell, indicating slowing momentum for Pepe.   

Elluminex could be the next 100x token

While Pepe has seen significant growth, Elluminex is just starting out. Elluminex is a DeFi hub for TON, currently the fastest-growing chain. Its strong fundamentals give it the potential to replicate some of the largest bull runs. 

Last year, TON’s ecosystem showed significant growth. For one, the number of wallet addresses on the network grew by 3380%. Moreover, network TVL increased 8x, to a high of $740 million. Driving this increase in activity was its Telegram integration, through engaging games such as Notcoin.

Despite its strong metrics, TON’s DeFi ecosystem is still in its infancy. For that reason, traders are betting that the Elluminex could change the narrative. Its network of cross-chain bridges will connect TON to 40 major blockchains. This will bring in much-needed liquidity, helping stabilize asset prices and boost confidence in the network. 

Cross chain bridges also enable Elluminex to offer trading with low slippage, which is crucial for making profit. This is why the platform has the potential to attract more traders to TON. The potential effect of this is hard to overstate. For instance, when Uniswap launched on Ethereum, it helped increase ETH’s price from $200 to $1,000 in a single year. 

Elluminex also offers advanced trading features, including an AI Portfolio tracker. This tool will give actionable insights based on real-time data. This feature will help level the playing field for traders, making trading more accessible than ever.

Thanks to its advanced features, Elluminex has the potential to become a premier DeFi hub on TON. This position’s it for significant growth in 2025.  

To learn more about Elluminex, visit the website, Twitter, and Telegram.